Ohio court asks Ford Motors to pay dealers $2 billion

Ford Motors has been ordered by Ohio Court to pay $2 billion to more than 3,000 US truck dealers for overcharging them.

Ford said in a statement that it believed the court had committed significant legal errors, and that it would appeal the ruling, based on a jury's verdict.

The cash reward breaks down like this: $781 million in damages and $1.2 billion in interest will be divided up among nearly 3,000 dealerships after being overcharged on nearly 475,000 trucks for 11 years, media reports said.

According to Ford, the lawsuit covered 600 Series and higher trucks built between 1987 and 1997.

However, the carmaker said that the company believes the judge committed significant legal errors and will appeal.